2024 Standard Tax Deduction Amount. The amount of your standard deduction depends on several different factors. Standard deduction of rs 40,000 per year for salaried individuals was reintroduced in budget 2018, replacing two earlier deductions—travel allowance (rs.


2024 Standard Tax Deduction Amount

For 2024 (tax returns typically filed in april 2025), the standard deduction amounts are $14,600 for single and for those who are married, filing separately; Here are the standard deduction amounts set by the irs:

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